In September 2015, SUERF launched the SUERF Policy Notes series with focus on current financial, monetary or economic issues, designed for policy makers and financial practitioners, authored by renowned experts.
| Date published | SUERF | Issue | Title | Author(s) |
| Dec 2023 | Policy Brief | No 757 | Have (excess) profits been shaping domestic price pressures in Austria? | Friedrich Fritzer, Doris Prammer, Lukas Reiss, Martin Schneider |
| Dec 2023 | Policy Brief | No 756 | Why are debtor countries hesitant to participate in debt relief initiatives? | Danny Cassimon, Dennis Essers, Andrea F. Presbitero |
| Nov 2023 | Policy Brief | No 750 | Easier said than done: Predicting downside risks to house prices in Croatia | Tihana Škrinjarić, Maja Sabol |
| Nov 2023 | Policy Brief | No 747 | Lessons from 100 inflation shocks | Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, Wei Zhao |
| Nov 2023 | Policy Brief | No 743 | Impact assessment of high inflation on Greek public finances. Does the type of inflation matter? Evidence from a highly indebted country | Sophia Lazaretou, George Palaiodimos |
| Nov 2023 | Policy Brief | No 742 | Foreign economic policy uncertainty shocks and real activity in the Euro area | Filippo Arigoni, Črt Lenarčič |
| Nov 2023 | Policy Brief | No 731 | Monetary policy rules under bounded rationality | Michael Dobrew, Rafael Gerke, Daniel Kienzler, Alexander Schwemmer |
| Oct 2023 | Policy Brief | No 710 | Energy price shocks and inflation in the euro area | Stefano Neri, Fabio Busetti, Cristina Conflitti, Francesco Corsello, Davide Delle Monache, Alex Tagliabracci |
| Oct 2023 | Policy Brief | No 708 | Mortgage borrowing caps: leverage, default, and welfare | João G. Oliveira, Leonor Queiró |
| Oct 2023 | Policy Brief | No 706 | Asset Prices, Collateral and Bank Lending - The Case of Covid-19 and Real Estate | Aoife Horan, Barbara Jarmulska, Ellen Ryan |
| Oct 2023 | Policy Brief | No 701 | How supply shocks drive disagreement in monetary policy | Carlos Madeira, Joao Madeira, Paulo Santos Monteiro |
| Oct 2023 | Policy Brief | No 698 | E-commerce and Price Setting: Evidence from Europe | Georg Strasser, Elisabeth Wieland, Paweł Macias, Aneta Błażejowska, Karol Szafranek, David Wittekopf |
| Sep 2023 | Policy Brief | No 675 | How producer price changes transmit into final goods prices | Edvin Ahlander, Mikael Carlsson, Mathias Klein |
| Aug 2023 | Policy Brief | No 673 | Macroeconomic News, the Financial Cycle and the Commodity Cycle: the Chinese Footprint | Flavia Corneli, Fabrizio Ferriani, Andrea Gazzani |
| Aug 2023 | Policy Brief | No 672 | Explaining the endurance of price level differences in the euro area | Huw Dixon, Pavlos Petroulas, Theodora Kosma |
| Aug 2023 | Policy Brief | No 652 | Rising energy prices and productivity: short-run pain, long-term gain? | Christophe André, Hélia Costa, Lilas Demmou, Guido Franco |
| Aug 2023 | Policy Brief | No 651 | Identifying money and inflation expectation shocks on real oil prices | Szilard Benk, Max Gillman |
| Jul 2023 | Policy Brief | No 642 | House price expectations and inflation expectations: Evidence from survey data | Vedanta Dhamija, Ricardo Nunes, Roshni Tara |
| Jul 2023 | Policy Brief | No 635 | No time to slack: nowcasting employment in the euro area | Marta Bańbura, Irina Belousova, Katalin Bodnár, Máté Barnabás Tóth |
| Jul 2023 | Policy Brief | No 632 | When Do Credit Booms Become Troublesome? | Eddie Gerba, Danilo Leiva-León, Johannes Poeschl |
| Jul 2023 | Policy Brief | No 631 | Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia | Filippo Arigoni, Miha Breznikar, Črt Lenarčič, Matjaž Maletič |
| Jul 2023 | Policy Brief | No 629 | Macroprudential policy is a key defense line against global financial shocks | Katharina Bergant, Francesco Grigoli, Niels-Jakob Hansen, Damiano Sandri |
| Jul 2023 | Policy Brief | No 628 | Large shock, small adjustment – Evidence from the 2021 energy crisis | Matteo Alpino, Luca Citino, Annalisa Frigo |
| Jun 2023 | Policy Brief | No 606 | Does it matter where and how governments spend? | Ernil Sabaj, Rashid Sbia, Haytem Troug |
| Jun 2023 | Policy Note | No 313 | Monetary and financial stability – can they be separated? | Isabel Schnabel |
| May 2023 | Policy Brief | No 593 | How often and how much do food prices change during periods of high inflation – an analysis of online prices in Austria | Christian Beer, Robert Ferstl, Bernhard Graf, Fabio Rumler |
| May 2023 | Policy Brief | No 583 | Commodity prices and the US dollar | Daniel Rees |
| May 2023 | Policy Brief | No 582 | Critical metals for the low-carbon transition: macro-financial issues | Stéphane Dees, Simon Dikau, Hugh Miller, Romain Svartzman |
| May 2023 | Policy Brief | No 579 | Do unrealised bank losses affect loan pricing? | Matjaž Volk |
| Apr 2023 | Policy Brief | No 574 | The effect of extreme temperatures on the US economy and on the conduct of monetary policy | Filippo Natoli |
| Apr 2023 | Policy Brief | No 572 | House prices and ultra-low interest rates: Exploring the non-linear nexus | Daniel Dieckelmann, Hannah S. Hempell, Barbara Jarmulska, Jan Hannes Lang, Marek Rusnák |
| Apr 2023 | Policy Brief | No 565 | Monetary Policy in the Presence of Supply Constraints | Almut Balleer, Marvin Noeller |
| Apr 2023 | Policy Brief | No 560 | Evaluating the macroprudential stance in a growth-at-risk framework | Dominic Cucic, Ianna Georgieva Yordanova, Niels Framroze Møller, Simon Gade Søndergaard |
| Apr 2023 | Policy Brief | No 559 | Will the Green Transition Be Inflationary? Expectations Matter | Alessandro Ferrari, Valerio Nispi Landi |
| Mar 2023 | Policy Brief | No 543 | How shocks to Chinese supply chains affect US and euro area manufacturing | Makram Khalil, Marc-Daniel Weber |
| Feb 2023 | Policy Note | No 302 | Macroprudential policy and real estate funds | Manuel A. Muñoz, Frank Smets |
| Feb 2023 | Policy Brief | No 533 | When food bites back: What quarterly firm-level data reveal about food inflation | André Casalis |
| Feb 2023 | Policy Brief | No 530 | Deep contractions cause economic scars that never heal | David Aikman, Mathias Drehmann, Mikael Juselius, Xiaochuan Xing |
| Feb 2023 | Policy Brief | No 524 | Highly Dispersed inflation rates challenge the ECB’s monetary policy strategy | Thomas Url |
| Feb 2023 | Policy Brief | No 520 | Measuring the Optimum Currency Area properties of the euro area over its 20 years’ history | Davor Kunovac, Diego Rodriguez Palenzuela, Yiqiao Sun |
| Feb 2023 | Policy Brief | No 516 | A scientific illusion in risk management? | José María Roldán |
| Jan 2023 | Policy Brief | No 512 | Price Setting Before and During the Pandemic: Evidence from Swiss Consumer Prices | Barbara Rudolf, Pascal Seiler |
| Jan 2023 | Policy Note | No 296 | Finding the right mix: monetary-fiscal interaction at times of high inflation | Isabel Schnabel |
| Dec 2022 | Policy Brief | No 492 | Euro area’s persistent current account surplus – a reason behind a decade of low interest rates? | Tobias Schuler, Yiqiao Sun |
| Nov 2022 | Policy Brief | No 478 | The surprisingly untapped potential of reallocation of economic activity to reduce carbon emissions | Gert Bijnens, Carine Swartenbroekx |
| Nov 2022 | Policy Brief | No 477 | Foreign demand shocks to production networks: Firm responses and worker impacts | Emmanuel Dhyne, Ken Kikkawa, Toshiaki Komatsu, Magne Mogstad, Felix Tintelnot |
| Nov 2022 | Policy Brief | No 470 | What micro price data teach us about the inflation process: web-scraping in PRISMA | Chiara Osbat |
| Nov 2022 | Policy Brief | No 466 | Price-at-risk: systemic risk from price-impact induced contagion | Gábor Fukker, Michiel Kaijser, Luca Mingarelli, Matthias Sydow |
| Nov 2022 | Policy Brief | No 465 | Did COVID-19 induce a reallocation wave? | Agostino Consolo, Filippos Petroulakis |
| Nov 2022 | Policy Note | No 292 | The complex task of reforming the EU’s electricity market - Intervention options proposed by the European Commission | Cristian Stet, Pablo Ruiz, Susan Hansen |
| Oct 2022 | Policy Note | No 291 | Monetary policy and inflation: recent developments | Ignazio Visco |
| Oct 2022 | Policy Brief | No 437 | Is a global factor driving bond yields lately? | Mattia Girotti, Guillaume Horny, Adrian Penalver, Anna Petronevich |
| Sep 2022 | Policy Brief | No 431 | Consumer Inflation Expectations and Regional Price Changes | Tomasz Łyziak, Michael Pedersen, Ewa Stanisławska |
| Sep 2022 | Policy Brief | No 425 | What Moves Markets? | Mark Kerssenfischer, Maik Schmeling |
| Sep 2022 | Policy Brief | No 418 | The Kiel Trade Indicator – A real-time indicator for trade flows | Wolfgang Lechthaler, Vincent Stamer |
| Sep 2022 | Policy Note | No 287 | Monetary policy and the Great Volatility | Isabel Schnabel |
| Aug 2022 | Policy Brief | No 391 | Why is Swiss inflation low? | GianLuigi Mandruzzato |
| Jul 2022 | Policy Brief | No 376 | Climate change and inflation in the euro area | Christiane Nickel |
| Jul 2022 | Policy Brief | No 369 | The impact of energy efficiency on Belgian house prices | Peter Reusens, Frank Vastmans, Sven Damen |
| Jun 2022 | Policy Brief | No 347 | Sectoral exchange rate pass-through in the euro area | Chiara Osbat, Yiqiao Sun, Martin Wagner |
| Jun 2022 | Policy Brief | No 346 | How do firms respond to demand and supply shocks? | Michał Gradzewicz |
| May 2022 | Policy Brief | No 338 | Mortgage debt relief after economic shocks: lessons from the pandemic | Edward Gaffney, Fergal McCann, Johannes Stroebel |
| May 2022 | Policy Brief | No 335 | Macroeconomic Implications and Differences of Oil and Gas Price Shocks | Thomas Zörner, Nico Petz |
| May 2022 | Policy Brief | No 324 | Uncertainty shocks and the monetary-macroprudential policy mix | Valeriu Nalban, Andra Smădu |
| Apr 2022 | Policy Note | No 274 | Stylised facts on debt and financial crisis | Pedro Duarte Neves |
| Apr 2022 | Policy Brief | No 315 | Who owns banks? The household-bank nexus and its implications for bank stock prices | Matías Lamas, David Martinez-Miera |
| Mar 2022 | Policy Brief | No 303 | Rising rent burdens following distorting investment incentives – The effects of rent controls in Germany | Vera Baye, Valeriya Dinger |
| Mar 2022 | Policy Note | No 270 | Will the supply-driven oil price shock unanchor inflation expectations? | Matthew Luzzetti, Brett Ryan, Justin Weidner, Amy Yang |
| Dec 2021 | Policy Note | No 261 | Mortgage and real estate markets: Current developments pose risks to financial stability | Fritz Zurbrügg |
| Nov 2021 | Policy Brief | No 234 | Optimism is bad for fiscal outcomes | Martin Larch, Janis Malzubris, Matthias Busse |
| Nov 2021 | Policy Brief | No 225 | Population aging and the persistence of three key global trends | Andrea Papetti |
| Nov 2021 | Policy Brief | No 219 | How do banks propagate economic shocks? | Yusuf Emre Akgündüz, Seyit Mümin Cılasun, H. Özlem Dursun-de Neef, Yavuz Selim Hacıhasanoğlu, İbrahim Yarba |
| Sep 2021 | Policy Note | No 256 | Ultra low interest rates from the perspective of a central banker | Lars Rohde |
| Aug 2021 | Policy Brief | No 164 | Banks Fearing the Drought? Liquidity Hoarding as a Response to Idiosyncratic Interbank Funding Dry-Ups | Helge C.N. Littke, Matias Ossandon Busch |
| Aug 2021 | Policy Brief | No 162 | The Natural Interest Rate in China | SUN Guofeng, Daniel M Rees |
| Jul 2021 | Policy Brief | No 137 | Euro area equity risk premia and monetary policy | Daniel Kapp, Kristian Loft Kristiansen |
| Jul 2021 | Policy Brief | No 136 | What does “below, but close to, two per cent” mean? Assessing the ECB’s reaction function with real time data | Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki, Juha Kilponen |
| Jul 2021 | Policy Brief | No 125 | Monetary policy surprises trigger different responses in the housing market across European regions | Winfried Koeniger, Benedikt Lennartz, Marc-Antoine Ramelet |
| May 2021 | Policy Brief | No 96 | Real interest rates and demographic developments: the role of population growth and migration | Lucas Fuhrer, Nils Herger |
| May 2021 | Policy Brief | No 89 | Foreclosures and House Prices | Michele Loberto |
| Dec 2020 | Policy Note | No 215 | Consequences for banks’ business from COVID-19 and policy responses | Francesco Mazzaferro |
| Dec 2020 | Policy Note | No 212 | Monetary policy effects when interest rates are negative | Joost Bats, Massimo Giuliodori, Aerdt Houben |
| Oct 2020 | Policy Note | No 202 | Policy revolution | Elga Bartsch, Jean Boivin, Stanley Fischer, Philipp Hildebrand |
| Sep 2020 | Policy Note | No 192 | A rule-based monetary strategy for the European Central Bank: a call for monetary stability | Juan E. Castañeda |
| May 2020 | Policy Note | No 170 | International inflation co-movements | Philip R. Lane |
| Apr 2020 | Policy Note | No 158 | Overview of Central Bank Digital Currency - State of Play | Johannes Duong |
| Apr 2020 | Policy Note | No 153 | Passive Funds Actively Affect Prices: Evidence from the Largest ETF Markets | Karamfil Todorov |
| Mar 2020 | Policy Note | No 144 | Euro Area Economics: Putting the OOH into HICP | Jacob Nell, Bruna Skarica, Joao Almeida, Markus Guetschow |
| Dec 2019 | Policy Note | No 118 | Deposit facility rate, bank reserves, and portfolio reallocation incentives | Manuel Buchholz, Kirsten Schmidt, Lena Tonzer |
| Nov 2019 | Policy Note | No 112 | Inflation In The Eurozone Is Dead. Long Live (The Right Kind Of) Inflation | Sylvain Broyer |
| Aug 2019 | Policy Note | No 88 | Mitigating Fiscal Risks from the Financial Sector | Ludger Schuknecht |
| Feb 2019 | Policy Note | No 58 | Disintermediation and re-intermediation effects of the CSPP | Óscar Arce, Ricardo Gimeno, Sergio Mayordomo |
| Apr 2016 | Policy Note | No 5 | Some seeming paradoxes or interesting points of Russia’s economy and banking sector | Stephan Barisitz |
